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SouthState SSB Business Segments — Occupancy Net

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Other financials

Income statement

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Revenue$672.7M+1.2%
Net income$230.0M+6.9%
EPS (diluted)$2.35+11.4%

Balance sheet

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Cash & equivalents$2.4B-32.2%
Total debt$520.5M+6.6%
Total equity$9.1B+3.8%
Total assets$68.9B+4.6%

Cash flow

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Operating cash flow$299.0M+337%
CapEx$16.1M+25.3%
Free cash flow$283.0M+303%

Valuation

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Market cap$10.59B+12.4%
P/E11.1×-4.8×
P/S3.9×-0.4×

Profitability

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Net margin34.9%+7.7pp
FCF margin24.1%

Returns & leverage

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Return on equity10.6%+2.4pp
Debt / equity0.1×0.0×

Where this comes from

Reported directly by SouthState in its filing.

Tagged under the XBRL concept us-gaap:OccupancyNet.

The source filing: SouthState’s 10-Q, filed May 1, 2026.

Filed
May 1, 2026, 9:00 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-053548
(Dollars in thousands)Three Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Other salaries and benefits37,56936,965
Deferred loan costs(20,156)(16,924)
Salaries and employee benefits205,653195,811
Occupancy expense42,30235,493
Information services expense29,70431,362
Professional fees5,2394,709
Amortization of intangibles21,30423,831
Business development and staff related11,3626,510

Item 1. Financial Statements (unaudited)

FAQ

What is SouthState's business segments — occupancy net?
SouthState (SSB) reported business segments — occupancy net of $42.3M in Q1 2026.
How has SouthState's business segments — occupancy net changed year-over-year?
SouthState's business segments — occupancy net increased by 19.2% year-over-year, from $35.49M to $42.3M.
What is the long-term trend for SouthState's business segments — occupancy net?
Over 3 years (2022 to 2025), SouthState's business segments — occupancy net has grown at a 21.5% compound annual growth rate (CAGR), from $89.5M to $160.44M.
What does business segments — occupancy net mean?
Represents the net costs associated with maintaining physical branch locations and administrative offices, including rent, utilities, maintenance, and depreciation of leasehold improvements. It measures the overhead burden of the bank's physical footprint.

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